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The Institutional System of Economic Agents’ Social Responsibility

The Institutional System of Economic Agents’ Social Responsibility

Journal of Institutional studies, , Vol. 7 (no. 4),

In this paper it was made an attempt to analyse the main characteristics of the institutional system of economic agents social responsibility. The institutional system can be described as a complex of norms, rules, regulations and enforcement mechanisms in the context of interactions and communications of economic agents. The institutional nature of social responsibility allow to solve social dilemmas through the internalization of social responsibility norms and creating social value orientations, which are determine the prosocial behaviour of economic agents. The institutional system of social responsibility was described from the methodological institutionalism point of view. Analysing this phenomenon we are required to develop research on the objects of this system (norms, regulations, behaviour), on the subjects of this system (persons, business, government) and on the institutional mechanisms (internalization of social responsibility norms, promoting prosocial behaviour, adaptation and transformation of the social responsibility norms) aimed to ensure the understanding of origin and significance of social responsibility for modern society.

Keywords: institutional system; social responsibility; institutional mechanism; social dilemmas

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